About Yavapai County, AZ

Sedona Real Estate Market Overall

The Sedona Real Estate market continues its buying frenzy in the mid to lower price sector. In this past 3rd quarter alone, our sold volume was up by a whopping 62% from last year, with Foreclosures or Short Sale accounting for 41% of that business. Even though Foreclosures and Short Sale represent only 12% of our active market- those segments continue to bring the market down and make the Once "Unreachable" Sedona Real Estate Market - an affordable place to own a home! Prices have come down to 03-04 levels.

The Vacant Land sector continues a downward spiral with the median sold price being $121,000. Compare that with 08 Sold pricing of $318,000 and you can see what opportunities exist. The Foreclosures have also hit this sector with 40% of the sold being a foreclosed property.

In the Luxury Marketplace ($1 Million and Over) there are 90 homes currently on the market with only 14 selling year to date, with a median sold price of $1,600,000. To put this in perspective - it will take 5 years to move the current inventory given the ratio of actives to solds.

The Condo Market has remained relatively consistent with a drop in price of only 2% year over year. With a median sold price of $298,500. Foreclosures represented 11%.

You can now reach me on Face book at Barbara Hooyman Baker, Twitter at Sedonahome, on LinkedIn, or the old fashioned way at 928-301-0669.

Real Estate Workshop

THURSDAY, FEBRUARY 25TH-5:30 PM
1235 E. GURLEY ST-PRESCOTT, AZ. 86303

Presented by

LINDA De FUSCO-KELLER WILLIAMS CHECK REALTY

* TRADE SECRETS-CURRENT MARKET CONDITIONS
* PROVEN TECHNIQUES-ALMOST EVERYONE CAN BUY OR SELL!
* SELL FOR THE MOST MONEY-IN THE LEAST TIME
*Lenders, Title, Inspections, Warranties, and Credit representatives on site

HOR D'VOURS PROVIDED!

RSVP to 928.777.8163 or Defusco@kw.com

Bernake said this past Tuesday - Recession is nearing the end. Home Starts are up. Home solds are up! Home Pendings are up! Unemployment is still high! Stability? Depends on who you talk to - CNN... MSNBC, YOUR FINANCIAL PLANNER, THE CRYSTAL BALL - MAYBE A WEGIE BOARD! WHO KNOWS. I do know this. Interest rates remain LOW. I have had homeS close in September in Sedona AZ with interest rates in the high 4%. So with great credit - you too could be one of the luckies! Home prices continue to be LOW! As I have said previously - we are somewhere in the trough - not plummetting down like a meteror (Thank God) - the prices seem to be stabilizing. And the point must be made that if you are waiting for prices to drop and yet the interest rates go up - you will not see any gain because of the higher interest rates. It all makes sense to buy now. My old broker (one of the few guru's of Sedona Real Estate) says that 80% of the Sedona Real Estate Market is sold in the fall and spring months. There are many jewels to behold in the Sedona Real Estate Market NOW. You just have to allow yourself to move forward and seize the opportunity before you. Whether it's vacant land to build your dream home In Sedona, a Sedona Condo for a getaway, or the home you have always dreamed about owning amongst the Sedon AZ beauty - Don't wait. We are living in a golden opportunity. I myself have taken the plunge and have invested in this market - and I think you should too! For all your buying needs I can be contacted at 800-975-5943, 928-301-0669, barbara@barbarabaker.com www.barbarabaker.com - follow on twitter at sedonahome, facebook, or LinkedIn. Happy Buying! Barbara

With a resounding YES! Many of my clients are looking to purchase a condo in Sedona as a second home. And lately, I have been asked the questions... "How is the Condo Market"? Does the upward trend in the home market apply to the Condo Market? I would say yes. The number of Sold Condos are up by over 30% since this time last year, and the median sold price is up by 10%. That is great for the Condo market. And even better, the amount of actives have dropped - so there is less inventory to chose from. There are many smaller condos in the Sedona Marketplace that don't have amenties like a pool, tennis and their HOA fees are usually quite a bit less than our more upscale associations. For those wanting those amenities plus the perks like a gated community and golf, we have ample supply of those also. In the Condo Marketplace, your money can go far - whether it is a smaller, older unit that needs some updating, or the plush Condos of Park Place that are now priced very aggressively. For all your buying and selling needs - contact me at 928-301-066, barbara@barbarabaker.com, follow on twitter at sedonahome, Linked In, Facebook (Barbara Hooyman Baker) or on the web at www.barbarabaker.com Happy Buying.... Happy Selling..

Want to Buy or Sell a Home?

THURSDAY, SEPTEMBER 17th-5:30 PM

1235 E. Gurley St-Prescott, Az. 86303

_________________________________________________________________________________________

PRESENTED BY YOUR TRI-CITY REAL ESTATE EXPERT-YOU WILL LEARN:

* TRADE SECRETS-SELL YOUR HOUSE IN A BUYER'S MARKET
* PROVEN TECHNIQUES-ALMOST EVERYONE CAN BUY OR SELL!
* SELL FOR THE MOST MONEY-IN THE LEAST TIME
* BUY AT BARGAIN PRICES! LIVE THE AMERICAN DREAM!
* FUN! INFORMATIVE! It will be time well spent!
* Understand "Clients for Life!" & "One stop Shopping"

"Bridging the gap from Listed to Sold or Renter to Owner"

LITE DINNER IS ON US!

RSVP to 928.777.8163 or Defusco@kw.com